This property looks like a bad Mid-Term investment with a projected -12.96% first-year return on $192k initial cash invested.
-12.96%
Cash On Cash
3.77%
Cap Rate
0.58
DSCR
$4,706
Rent
-$2,075
Cashflow
Cash Flow
$4,706 income − $6,781 expenses = $2,075 out of pocket
Investment Breakdown
|
Purchase Price
$829k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,292
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,706
Total Expenses
$6,781
Mortgage P&I
95%
$4,491
Property Taxes
8%
$396
Home Insurance
6%
$294
HOA
0%
$0
Property Management
12%
$565
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$518